Juniors break 3,000 points barrier – Tuesday

Knutsford Express traded $26 after rising $1.49.

The junior market shoot over the 3,000 mark in the index by gain nearly 50 points to close at yet another record high, in trading on Tuesday, to close at 3,029.93 points after gaining 48.91 as 22 securities changed hands, compared to 15 on Monday. Prices of 11 stocks rose and 7 declined.
The market closed ending with 3,635,936 units, valued at $9,626,139 passing through the market, compared to 871,696 units, valued at $5,334,946, on Monday. At the close, 7 stocks had bids higher than their last sale prices and 3 with a lower offer, than the last sale while 7 stocks closed at new 52 weeks’ high.
An average of 165,270 units with an average value of $437,552 traded, compared to of 58,113 units with an average value of $355,663 on the previous trading day. The average volume and value for the month to date ended at 100,163 units and $477,950 compared to 83,886 units and $488,049 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
At the close of trading, AMG Packaging rose $1 to close at $25 with 8,774 units changing hands after trading at a high for the day of $27.60, Blue Power closed with 894,181 shares changing hands at $50, CAC 2000 traded 869,262 shares and fell 10 cents to $6. Cargo Handlers climbed by $1 while trading 11,577 units, to close at 52 weeks’ high of $24, Caribbean Cream rose 35 cents in trading 3,150 units to end at $7.60, Caribbean Producers fell 10 cents in trading 18,050 units at $4.35, Consolidated Bakeries traded 65,346 shares with a rise of 20 cents, for a 52 weeks’ closing high $3.80. General Accident closed trading with 16,050 shares at while gaining 36 cents to end at a new high of $3.80 Honey Bun closed with 13,480 shares changing hands to end at $7.66, Jamaican Teas traded 13,751 shares to close at $9.50 after rising by 85 cents. Jetcon Corporation closed trading with 212,260 shares, to end at $10.50. Key Insurance traded 3,872 units to close at 52 weeks’ closing high of $3.70, after rising by 20 cents, KLE Group ended with 10,000 units changing hands at $3,

The ttech team, from Left: Mr. Hugh Allen, Resolution Manager and Executive Director; Mrs. Natalya Petrekin, Service Desk

Knutsford Express traded just 4,000 shares and gained $1.49 in closing at $26, Lasco Distributors ended trading with 97,322 units changing hands but fell 56 cents to close at $7.40. Lasco Financial rose 46 cents with 430,196 shares changing hands to end at $3.96, Lasco Manufacturing with 29,740 units changing hands, closed with a loss of 3 cents at $5.21, Medical Disposables added 27 cents and closed at 52 weeks’ high of $6.37 with 14,875 shares changing hands. Paramount Trading rose 5 cents and closed at $3.10 with 90,000 shares changing hands, tTech closed trading with 6,850 units changing hands to end at 52 weeks’ high of $8.05 after rising 60 cents and Derrimon Trading preference share lost 5 cents ending with 815,000 units changing hands to close at $2.

Juniors inch upward to new record

Jamaican Teas traded at a new closing high of $7.60 on Monday.

The junior market ended trading on Monday with a new closing high, but it retreated from just above 2,800 points level it peaked at in the morning session to end with just 4.42 points 2,782.29.
The junior market trading ended with 14 security trading versus 21 that traded on Friday. Trading ended with prices of 6 stocks gaining and 7 declining. The volume of stocks changing hands, ended at 1,892,208 units valued at $12,483,279, compared to 22,999,535 units changing hands valued at $127,583,667, on Friday.
An average 135,158 units with an average value of $891,663 traded, compared to 1,095,216 units with an average value of $6,075,413 on the preceding trading day. The average for the month to date is 193,440 units with an average value of $1,038,653 versus 197,604 units with an average value of $1,049,152 on Friday. The average for December is 131,147 units, at an average of $672,488.
The market closed with 10 stocks with bids higher than their last sale and none with lower offers than their last sale.
At the close of trading, AMG Packaging dropped $3.52 to close at $21 with 2,080 units changing hands, Cargo Handlers traded 8,684 shares at $20, Caribbean Cream fell 20 cents and closed trading at $7.10 with 6,360 units trading, Caribbean Producers, traded 631 shares and rose 5 cents to $4.15. Consolidated Bakeries ended at $2.60 with 80,000 shares changing hands, Honey Bun closed with a rise of 67 cents while 55,340 shares changed hands, at $6.88, Jamaican Teas jumped $1.10 to end at a new closing high of $7.60 with 60,557 shares being exchanged. Jetcon Corporation traded 40,750 shares to end at a 52 weeks’ closing high of $10.30, Knutsford Express traded 284 units to close at $24.51 after rising 46 cents, Lasco Distributors with 1,227,427 units trading fell 5 cents to end at $7.30, Lasco Financial with 25,000 shares changing hands declined 9 cents to end at $3.60. Lasco Manufacturing with 354,159 units changing hands lost 8 cents and closed at $5.10, Medical Disposables rose 25 cents to close at $4.70 with 10,940 shares changing hands and tTech traded 19,996 shares to close at $6.01, after falling 49 cents.

Juniors inch forward on Friday

Jamaican Teas traded at a new high of $6.50 after rising $1.

The junior market enjoyed a big day of trading on Friday, ending with 22,999,535 units changing hands valued at $127,583,667, compared to 4,583,153 units, changing hands, with a rise of 895 percent from the amount of $26,375,749 traded on Thursday.
Trading was dominated by Lasco Distributors with 7,130,521 units trading with a loss of 5 cents to end at $7.35, Lasco Financial with 3,895,608 shares at $3.69, after rising 6 cents and Lasco Manufacturing with 10,576,878 units changing hands with a rise of 18 cents closed at $5.18.
The junior market index climbed 15.93 points to a record close of 2,777.87 with 21 security trading versus 17 that traded on Thursday. Trading ended with prices of 9 stocks gaining and 7 declining, on heavy volumes.
An average of 1,095,216 units with an average value of $6,075,413 traded, compared to 269,597 units with an average value of $1,551,515 on the preceding trading day. The average for the month to date is 197,604 units with an average value of $1,049,152 versus 128,556 units with an average value of $662,517 on Thursday. The average for December is 131,147 units, at an average of $672,488.
The market closed with 7 stocks with bids higher than their last sale and none with a lower offer, than their last sale.
At the close of trading, AMG Packaging rose 12 cents to close at $24.52 with 700 units changing hands, Blue Power closed with 1,850 units changing hands at $37, Cargo Handlers lost 90 cents in trading 9,968 shares at $20, Caribbean Cream rose 30 cents and closed trading at $7.30 with 78,104 units trading. Caribbean Producers, traded 60,454 shares and rose 10 cents to $4.10, Consolidated Bakeries ended at $2.60 with 110,268 shares changing hands, after rising by 20 cents, Dolphin Cove lost 50 cents trading 650 shares at $14, General Accident Insurance traded 18,567 shares to end at $2.95 after falling 13 cents. Honey Bun closed with 497,760 shares changing hands, at $6.21, Jamaican Teas jumped $1 to end at a new high $6.50 with 2,000 shares being exchanged, after the company reported that the board of directors will be considering a stock split at its upcoming meeting in February. Jetcon Corporation traded 48,465 shares to end at $10 after trading at a new intraday high of $10.50, Key Insurance traded 33,300 units to close at $3 after losing 10 cents, Medical Disposables lost 25 cents to close at $4.45 with 27,900 shares changing hands, tTech traded 2,000 shares to close at $6.50. Eppley 9.5% preference share, ended with 307,319 units changing hands to close at $6 after falling 6 cents and Eppley 8.25% preference share, ended with 185,036 units changing hands to close at $6.

Junior market climbs to highest ever

Blue Power rose $1 to close at a new all-time high of $31.

The junior market, pushed to close above the 2,600 points on Thursday for the first time, moved even higher at the close on Friday as advancing stocks out did declining ones, three to one. The market index rose just 5.51 points to end at a record 2,624.32, on lower volume than on Thursday.
At the close, a large number of securities, 13, ended with bids higher than their last selling prices and none ending with lower offers. Some of the securities with bids higher than their last selling prices have no offer and may not trade. At the close, the securities closing with large gaps between bids and last sale prices, include Access Financial with the $24.01 versus the last sale of $22, with no stocks on offer. Cargo Handlers had a bid at $19.11 with the last trade at $18.60 and an offer at $19.70 and Eppley that ended with a bid of $8.01, compared to a last sale of $4.90.
The prices of 9 stocks rose, 3 declined with 13 securities trading, compared to 16 trading on Thursday. Volume of stocks traded fell 37 percent, from Thursday’s low level, ending with just 491.934 units changing hands, valued at $2,672,851, down by 32 percent from $3,954,032 on Thursday.
An average of 37,841 units with an average value of $205,604 traded, compared to 49,187 units with an average value of $247,127 on the preceding trading day. The average for the month to date is, 70,258 units with an average value of $$341,603 versus 81,063 units with an average value of $386,936 on Thursday. The average for December is 131,147 units, at an average of $672,488.
At the close of trading, Blue Power jumped $1 and closed at a 52 weeks’ high of $31 with 10,979 units traded, Caribbean Cream jumped $1.15 with 21,100 units being exchanged to end at $8.55. Caribbean Flavours lost 80 cents while trading 2,900 shares to close at $11.20, Caribbean Producers gained 50 cents in trading 2,000 units at $3.75. Derrimon Trading gained 5 cents to close at a 52 weeks’ high of $5.80 with 10,000 shares changing hands, General Accident rose 1 cent and closed trading with 3,200 units at $3, Jamaican Teas ended at $4.25 with 54,784 shares being exchanged. Jetcon Corporation gained 6 cents, to close at a new all-time high of $6.07, with 141,959 shares being exchanged by investors, KLE Group climbed 30 cents and closed with 76,000 shares trading at $2.20, Knutsford Express traded just 200 shares and gained 50 cents in closing at $23. Lasco Distributors ended with 21,000 units trading with a loss of 9 cents to close at $7.01, Lasco Financial rose 15 cents and closed with 50,362 shares changing hands, at $3.65 and Lasco Manufacturing fell 20 cents to end at $4.80, with 97,450 units trading.

Junior market first close above 2,600

The junior market pushed pass the 2,600 points mark at the close for the first time. The market index rose 33.35 points to end at 2,618.81 on much less volume than on Wednesday. Indication at the close, suggests that Friday could be explosive for the stocks in this market, with a large number of securities numbering 14,closing with bids higher than their last selling prices and none ending with lower offers.
Some of the securities with bids higher than their last selling prices have no offer and may not trade. At the close, the securities closing with large gaps between bids and last sale prices, include Access Financial with the $24.01 versus the last sale of $22, with no stocks on offer. Cargo Handlers had a bid at $19.10 with the last trade at $18.60 and an offer at $25.10. Eppley’s bid closed $8.01, compared to a last sale of $4.90 and Knutsford Express traded last at $22.50 and ended with the bid at $23 and an offer at $32.50.
The prices of 7 stocks rose, 5 declined with 16 securities trading, compared to 12 trading on Wednesday. Volume of stocks traded fell 71 percent, from Wednesday’s low level, ending with 786,999 units changing hands, valued at $3,954,032, down by 69 percent from $12,580,140 on Wednesday.
An average of 49,187 units with an average value of $247,127 traded, compared to 169,435 units with an average value of $786,259 on the preceding trading day. The average for the month to date is 81,063 units with an average value of $386,936 versus 97,001 units with an average value of $456,841 on Wednesday. The average for December is 131,147 units, at an average of $672,488.
At the close of trading, AMG Packaging jumped $2.49 and closed at $27 with 2,115 units traded, Cargo Handlers closed at $18.60 with 4,900 units changing hands, Caribbean Cream lost 60 cents with 4,500 units being exchanged to end at $7.50. Caribbean Flavours recovered the 75 cents it lost on Wednesday while trading 1,621 shares to close at $12, Caribbean Producers fell 5 cents in trading 29,490 units at $3.25, Consolidated Bakeries lost 20 cents in trading 79,180 shares to close at $2.15. Derrimon Trading gained 25 cents to close at a 52 weeks’ high of $5.75 with 154,000 shares changing hands, General Accident lost 1 cent and closed trading with 19,318 units at $2.99. Honey Bun had 31,416 shares changing hands to close at $6.05 after rising 55 cents. Jamaican Teas ended at $4.25 with 6,778 shares being exchanged. Jetcon Corporation fell 4 cents, to close at $6.01, with 112,099 shares, Key Insurance climbed 20 cents and closed with 54,033 shares trading at $3, after trading at an intraday all-time high of $3.20, Lasco Distributors ended with 84,557 units trading with a rise of 60 cents to $7.10. Lasco Financial closed with 47,322 shares changing hands, to end at $3.50 and Lasco Manufacturing gained 15 cents and ended at $5, with 1467,670 units trading.

820% jump in junior market trades – Wednesday

Jetcon closed at a new high on Wednesday.

The junior market rose modestly at the close of the second trading day of the new year, on increased volume over Tuesday’s, with two stocks accounting for 81 percent of the volume. At the end of trading, the market index gained 4.04 points to end at 2,585.46.
The prices of 7 stocks rose, 5 declined with 16 securities trading, compared to 12 trading on Tuesday. Volume of stocks traded jumped 820 percent on Wednesday, from Tuesday’s low level, ending with 2,710,965 units changing hands, valued at $12,580,140, up 723 percent from $1,529,067 on Tuesday.
Market activities ended with 5 securities closing with bids higher than their last selling prices and 2 ending with lower offers. At the close, Access Financial ended with a bid of $25 versus the last sale of $22, AMG Packaging bid is at $27.05 with and last traded at $24.51, Eppley bid is $8.50 compared to a last sale of $4.90, these stocks have no stock being offered for sale for some time.
An average of 169,435 units with an average value of $786,259 traded, compared to 24,567 units with an average value of $127,422 on the preceding trading day. The average for the month to date is 97,001 units with an average value of $456,841. The average for December is 131,147 units, at an average of $672,488.
At the close of trading, Cargo Handlers closed at $18.60 with 3,121 units changing hands, Caribbean Cream gained 70 cents with 6,000 units being exchanged to end at $7.30. Caribbean Flavours fell 75 cent while trading 13,000 shares to close at $11.25, Consolidated Bakeries rose 9 cents in trading 15,000 shares to close at $2.35, Derrimon Trading ended at $5.50 with 176,694 shares changing hands, after rising by 40 cents, General Accident gained 20 cents and closed trading with 1,000 units at $3, Honey Bun had 17,005 shares changing hands to close at $5.50 after falling 18 cents. Iron Rock Insurance traded 31,614 shares to end at $4, Jamaican Teas ended at $4.25 with 102,572 shares being exchanged. Jetcon Corporation gained 5 cents, to close at a 52 weeks’ high of $6.05, with 22,222 shares, KLE Group lost 5 cents and closed with 3,100 shares trading at $1.90, Knutsford Express traded 8,321 shares and gained $2.50 in closing at $22.50, Lasco Distributors ended with 36,725 units trading with a fall of 51 cents to $6.50. Lasco Financial rose 31 cents with 1,386,210 shares changing hands, to end at $3.50, Lasco Manufacturing fell 5 cents and ended at $4.85, after 67,645 units switched hands and Eppley 8.25% preference share traded 820,736 units at $6.

Cargo Handlers top Jamaican stock with 393% gain

Bulls pushing Jamaican stock to new highs.

2016 will go down in the history of the Jamaican stock market as the year in which stock splits fuelled strong demand for stocks, pushing many to levels not thought possible in recent time.
Cargo Handlers surged with a gain of 393 percent in 2016 to be the top performing stock on the Jamaica Stock Exchange, ending the year at $18.50 after a 10 for 1 stock split earlier in the year. The stock which trades at a PE of 30 times IC Insider’s 2017 estimated earnings, is also one of the most highly priced on the market. Last year the company posted profits that rose from 25 cents per share in 2015 to 42 cents in 2016.
Honey Bun roared along with gains of 325% to close the year at $5.85 after hitting a high of $7.50 in response to a 5 for 1 stock split and rise in profits of 104.7 percent for 2016.
The 2016 listed ISP Finance, jumped 250 percent to close the year at $8.50 on the expectation of strong future profit growth. This is one of the few stocks that grew sharply without the benefit of a stock split.
AMG Packaging climbed to be fourth best performer, benefiting from expectation of profit to flow from their new tissue operation and latterly by an announcement of a 5 for 1 stock split. Interestingly, while AMG last price was $24.51, the bid has been at $26.50 for several days, an indication that it will trade above the last traded price for 2016. Paramount Trading gained a more moderate 233%, helped by its expansion of it lubricant manufacturing in a joint venture arrangement and a 10 for 1

Paramount

stock split that pushed the stock as high as $4.68, the stock close 2016 at $3.
Jetcon Corporation that listed in March at $2.25 per share, jumped 167 percent by the end of the year to $6, propelled by a near doubling in profit over 2015.
Blue Power gained 129% to sit at 7 position then Palace Amusement ended with a gain of 122, tTech that listed in January 2016 ended at tenth spot with gains of 112% just edging out Margaritaville Turks with 111 percent at number 11. Knutsford Express with gains 108% was the only other stock in the overall market to rise by more than 100%.
Data by the Investor’s Choice going back several years to 1980, indicates that on average only 22 percent of stocks in the top 10 repeat in the subsequent year. AMG was the sole stock that was in the top 10 in 2015 to repeat in 2016. These are sobering data investors would do well to ponder.

Junior market gains 45% for 2016

Blue Power closed at a new high of $30 on Friday.

The junior market index broke through the 2,600 level for the first time on Friday to a new record intraday high but failed by just 1.15 ending at a new closing high. At the end of trading the market index declined by just 1.14 points to end at 2,593.71 points, with a 45 percent increase for 2016.
At the close, the prices of 10 stocks rose, 3 declined with 16 securities trading, compared to 15 trading on Friday. Volume of stocks traded rose on Friday by 73 percent, from Friday’s level, ending with 1,632,612 units changing hands, valued at $8,675,126, up by 54 percent from $5,642,777 on Friday.
Market activities ended with 8 securities closing with bids higher than their last selling prices and none ending with a lower offer.
The year ended with thirteen stocks gaining more than the market average, including 3 gaining 325 percent or more, 2 more than 200 percent and 4 more than 100 percent.
An average of 102,038 units with an average value of $542,195 traded, compared to 62,924 units with an average value of $376,185 on the preceding trading day. The average for December to date is 131,147 units, at an average of $672,488. The average for December to Thursday is 132,679 units, at an average of $679,346. November ended with an average of 109,679 units with an average value of $607,092.
At the close of trading, Blue Power jumped $3 to a new high of $30 with 10,000 shares changing hands, CAC 2000 gained 45 cents in trading 84,018 shares to close at $4.95, Cargo Handlers rose 50 cents to close at $18.50 with 7,986 units changing hands, Caribbean Cream had 33,000 units exchanged with a rise of 20 cents to end at $7.50. Caribbean Producers lost 20 cents in trading 430,299 shares to close at $3.30, Derrimon Trading ended at 52 weeks’ high of $5.50 with 126,306 shares changing hands, after rising by 10 cents, General Accident lost 20 cents with 23,682 units changing hands to close at $2.80. Honey Bun had 13,936 shares changing hands to close at $5.85 after gaining 5 cents. Iron Rock Insurance climbed 40 cents in trading 564,394 shares to end at $4, Jamaican Teas gained 60 cents to end at $4.85 with 12,000 shares being exchanged. Jetcon Corporation closed at $6 with 42,800 shares trading, KLE Group recovered 3 cents and closed with 27,000 shares trading at $1.95, Knutsford Express rose 1 cent in trading 94,857 shares at $20. Lasco Distributors ended with 63,388 units trading with a fall of 10 cents to $7.05, Lasco Manufacturing ended at $5, after 12,795 units switched hands and Paramount Trading exchanged 86,151 units at $3.

Yet another junior record – Thursday

Bulls pushing  Jamaican stock to new highs.

Bulls pushing Jamaican stock to new highs.

The junior market index closed at a new all-time high on Thursday, as advancing stocks were edged out by declining ones, pushing the market index up by 21.30 points to end at 2,594.85 points with a 45 percent increase for the year to date.
At the close, the prices of 8 stocks rose, 4 declined with 15 securities trading, compared to 14 trading on Wednesday. Volume of stocks traded declined on Thursday by 63 percent, from Wednesday’s level, ending with 943,860 units changing hands, valued at $5,642,777, down by 66 percent from $16,691,479 on Wednesday.
Market activities ended with 8 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
An average of 62,924 units with an average value of $376,185 traded, compared to 181,822 units ICI Jm sum 29-12-16with an average value of $1,192,249 on the preceding trading day. The average for December to date is 132,679 units, at an average of $679,346. The average for December to Wednesday is 136,554 units, at an average of $696,188. November ended with an average of 109,679 units with an average value of $607,092.
In trading Blue CAC 2000 traded 533 shares at $4.50, Cargo Handlers rose 50 cents to close at $18, with 105,768 units changing hands, Caribbean Cream had 23,786 units being exchanged with a loss of 70 cents to end at $7.30. Consolidated Bakeries rose 16 cents in trading 50,000 shares to close at $2.26, Derrimon Trading ended at $5.40 with 55,171 shares changing hands, after rising by 60 cents, Dolphin Cove rose $1 with 1,000 units changing hands and closed at $15,ICI Jm trd Sht 29-12-16 General Accident had 200,000 units changing hands to close at $3. Honey Bun had 19,264 shares changing hands to close at $5.80 after shedding 15 cents. Jetcon Corporation rose 10 cents to close at $6 with 85,022 shares trading, KLE Group lost 3 cents and closed with 50,100 shares trading at $1.92, Knutsford Express rose 44 cents in trading 2,790 shares at $19.99, Lasco Distributors ended with 14,088 units trading with a gain of 15 cents at $7.15. Lasco Financial lost 9 cents with 16,000 shares changing hands, to end at $3.11, Lasco Manufacturing gained 2 cents and ended at $5, after 318,553 units switched hands and Medical Disposables exchanged 500 units at $4.20.

Another record close for juniors – Wednesday

ICI Jm indx 28-12-16 The junior market index closed at a new all-time high on Wednesday, as advancing stocks were edged out by declining ones pushing the market index up by 20.38 points to end at 2,573.55 points with a 44 percent increase for the year to date.
At the close, the prices of 7 stocks rose, 3 declined with 14 securities trading, compared to 14 trading on Friday. Volume of stocks traded surged on Wednesday by 334 percent, from Friday’s level, ending with 2,545,501 units changing hands, valued at $16,691,479, up by 559 percent from $2,533,304 on Friday.
Market activities ended with 3 securities closing with bids higher than their last selling prices and 3 ending with a lower offer.
ICI Jm sum 28-12-16An average of 181,822 units with an average value of $1,192,249 traded, compared to 41,940 units with an average value of $180,950 on the preceding trading day. The average for December to date is 136,554 units, at an average of $696,188. The average for December to Friday is 133,892 units, at an average of $667,008. November ended with an average of 109,679 units with an average value of $607,092.
In trading Blue Power rose $2 in trading 10,000 shares at $27, Cargo Handlers dropped $1.10 to close at $17.50, with 41,172 units changing hands, Caribbean Flavours had 20,000 units being exchanged at $12, C2W Music traded 11,939 units at 35 cents, General Accident had 7,976 units changing hands to close at $3. Honey Bun had 544 shares changing hands to close at $5.95 after shedding 5 cents. ICI Jm trd Sht 28-12-16Jetcon Corporation rose 2 cents to close at $5.90 with 1,094,291 shares trading, KLE Group closed with 1,504 shares trading at $1.95, Knutsford Express traded 6,700 shares at $19.55, Lasco Distributors ended with 1,117,322 units trading with a gain of 25 cents at $7. Lasco Financial lost 5 cents with 21,345 shares changing hands, to end at $3.20, Lasco Manufacturing ended at $4.98, after 147,247 units switched hands, Paramount Trading exchanged 64,362 units at $3 and tTech traded 1,079 units with a rise of 5 cents to close at $5.30.